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Global rates, retail banking included in Bank of England stress test

LONDON, Sept 26 (Reuters) - Banks' ability to cope with rising global interest rates and the resilience of their retail divisions to market shocks will be under scrutiny in this year's "stress test", the Bank of England said on Monday. The test checks if banks hold enough capital to cope with theoretical shocks and aims to avoid a repeat of situations where taxpayers have to bail out lenders as they did in the global financial crisis more than a decade ago.
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Bank of England unveils new bank stress test scenario

LONDON, Sept 26 (Reuters) - The Bank of England set out the economic downturn scenario against which major British lenders' financial health will be tested as part of its annual bank "stress tests". The scenario - which is closer to a worst-case situation than how the BoE expects the outlook to develop - includes the BoE's Bank Rate rising to 6% early next year and a 5% fall in British economic output, as well as a 31% slump in house prices.
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British Business - Sept 23

Sept 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times The asset management business of HSBC Holdings Plc HSBA.L has set out plans to cut investments in thermal coal, months after one of its former top executives caused a furore with his comments about climate change.
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Hong Kong c.bank raises interest rate after Fed hike, HSBC follows

HONG KONG, Sept 22 (Reuters) - The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points (bps) to 3.5%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. HSBC said it would raise its best lending rate in Hong Kong by 12.5 bps to 5.125% from 5.0% effective Sept.
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HSBC to raise best lending rate to 5.125% after HK rate hike

HONG KONG, Sept 22 (Reuters) - HSBC Holdings 0005.HK HSBA.L said on Thursday it raised its best lending rate in Hong Kong by 12.5 basis points to 5.125% effective Sept. 23 after the city's central bank raised the base rate charged through its overnight discount window by 75 basis points. The Hong Kong Monetary Authority earlier on Thursday raised the base rate charged through its overnight discount to 3.50% from 2.75%.
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